Deputy Governor of the State Bank of Vietnam (SBV) Nguyen Thi Hong had a courtesy meeting with Mr Ian Mark Narev, Chief Executive Officer (CEO) of the Group of Commonwealth Bank of Australia (CBA) on June 9, 2016 at the SBV headquarter.
At the meeting, SBV Deputy Governor Nguyen Thi Hong highly appreciated CBA’s attention to Vietnamese market and CBA’s strategic investment on Vietnam International Commercial Joint Stock Bank (VIB) that accounted 20% of share holding and become VIB strategic foreign investor.
Mr Ian Narev briefted the Deputy Governor the Commonwealth Bank of Australia’s operating plan in Vietnam and the CBA’s effort to strengthen cooperation between CBA and VIB in future. Concurrently, Mr Ian Narev spoke highly the potiential development of Vietnam market, and committed to continue longterm financing, and making contribution to common development of Vietnam economy.
The two sides exchanged the achievements in the process of credit institution restructuring and several proposals from CBA to contribute in restructure process of credit institution of Vietnam in the coming time.
Giang Nguyen